Grande Asset Hotels and Property PCL

฿0.02As of Sun 8 Nov 2026, 12:00 UTC

SET:GRANDConsumer Disc

Country Thailand

PE (Fwd) •••

TSR 10Y CAGR (25.38%)

Div yield —

ROE (127.50%)

Lodging

Beta (5Y) (0.33)

PE TTM —

TSR TTM (33.33%)

Mkt cap ฿186.8M

ROIC (6.37%)

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

฿0.0235

17.56%

(20.06%)

Hold 1|9|5|4|9

TTM

FYE 31 Dec THB

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

5Y

10Y

Peers

18.25

Revenue฿M

96.75

96.97

99.11

99.65

100.5

99.71

98.64

97.27

98.54

98.13

19.81

(0.47%)

0.25%

38

2.27

Revenue growth%

6.26

4.09

6.02

6.98

9.75

10.11

7.68

8.35

9.56

12.49

20.68

9.56

8.01

37

7.24

Gross margin%

1.49

0.40

2.59

5.30

3.93

2.60

0.40

0.71

0.94

0.40

12.50

0.71

1.22

49

3.68

Operating margin%

27.85

29.45

27.89

26.02

25.87

24.74

24.52

23.32

25.31

23.85

11.83

24.52

25.59

20

16.60

Net margin%

10.09

11.76

9.10

7.01

4.51

4.99

5.94

6.03

3.36

2.02

7.10

4.99

5.98

85

32.92

P/E ratio (avg)x

20.26

19.25

18.07

16.91

18.15

17.74

18.22

19.33

20.47

18.39

28.93

18.39

18.30

72

8.963

EV/EBITx

32.04

31.09

33.18

32.76

33.72

38.13

37.74

41.54

43.14

45.15

15.07

41.54

35.73

65

5.87

FCF yield (avg)%

26.12

26.28

26.78

25.50

24.46

24.77

25.57

23.13

25.85

23.74

24.89

24.77

25.54

23

14.58

FCF margin%

12.50

10.20

8.80

8.72

6.76

9.26

9.84

10.21

7.90

5.84

8.22

9.26

9.03

79

0.596

FCF / Net incomex

1.080

1.093

1.155

1.172

1.086

1.168

1.056

1.048

0.997

0.996

0.795

1.048

1.083

74

23.39

ROIC%

1.96

0.43

3.02

1.69

3.32

6.15

4.65

4.65

6.32

6.32

24.28

6.15

3.98

60

2.66

Return on equity%

0.43

0.40

0.40

2.44

3.35

3.67

1.46

0.76

2.31

2.85

10.70

2.31

1.88

80

29.13

Return on assets%

0.79

2.53

2.89

3.54

2.33

0.68

1.19

2.85

5.48

2.65

22.84

2.65

2.59

82

—

EPS฿

—

—

—

—

—

—

—

—

—

—

—

(1.41%)

(2.24%)

—

8.33

EPS growth%

15.43

13.86

14.21

12.61

13.33

12.62

12.65

15.37

15.41

14.77

25.00

14.77

14.04

12

—

Bookvalue per sh฿

—

—

—

—

—

—

—

—

—

—

—

7.01%

5.86%

—

—

FCF per share฿

—

—

—

—

—

—

—

—

—

—

—

8.40%

7.12%

—

—

Dividend per sh฿

—

—

—

—

—

—

—

—

—

—

—

9.45%

6.39%

—

5.84

Div yield (avg)%

19.85

17.50

15.87

13.08

13.24

15.19

14.38

12.59

13.57

14.83

14.00

14.38

14.61

18

26.30

Payout ratio%

13.09

11.65

11.99

13.74

14.29

13.21

15.12

14.18

12.15

13.26

14.16

13.26

13.24

81

9.505

Shares (diluted)B

11.51

13.81

14.86

17.39

18.62

21.32

21.28

25.35

30.27

30.28

9.166

10.21%

10.08%

93

7.22

Buyback yield%

18.90

18.31

16.03

15.44

17.65

17.63

17.31

16.38

14.03

14.11

4.48

16.38

16.84

70

0.321

D/E ratiox

0.375

0.383

0.358

0.362

0.364

0.388

0.337

0.309

0.296

0.286

1.798

0.309

0.360

86

24.41

Enterprise value฿M

76.11

76.96

85.91

86.82

96.21

108.7

122.9

132.8

123.0

119.1

21.49

4.37%

5.62%

62

61.55

LT debt฿M

45.88

47.30

48.26

44.20

45.85

48.76

45.21

48.65

44.27

44.16

81.57

(0.75%)

(0.38%)

54

Peers (US$5.588M)

Cap (US$)

PE

54.08M

—

Royal Orchid Hotel…

33.98M

—

Mandarin Hotel PCL

16.34M

13.75x

Capital Estate Limited

5.622M

—

Capital

TTM

5Y

10Y

Leveragex

2.276

(0.043)

(0.038)

EBIT/Intx

0.556

0.096

0.102

Own earn%

(2.20)

8.13

3.07

Sh yield%

13.06

28.97

31.29

Owners

Insiders/Inst%

11.35

25.33

Short interest%

4.28

SBC / revenue%

5.93

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

19

Op margin range%

23–29

$1 testx

—

Incr. ROIC%

10

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

฿98.13M

0.25%

1.00×

Cost of revenue

฿68.69M

0.25%

1.00×

Operating expenses

฿19.67M

0.38%

1.01×